MIRA
INFORM REPORT
|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCHMIDT
ZEEVIS ROTTERDAM B.V. |
|
|
|
|
|
|
Registered Office : |
Vasteland
60 3011BM Rotterdam |
|
|
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|
|
|
Country : |
Netherlands |
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|
|
Financials (as on) : |
30.09.2011 |
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|
|
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Year of Establishment : |
1916 |
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|
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Com. Reg. No.: |
24064058 |
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Legal Form : |
Besloten
Vennootschap |
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|
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Line of Business : |
Wholesale
of fish |
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|
|
|
No. of Employees : |
95 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Dutch economy is the
fifth-largest economy in the euro-zone and is noted for its stable industrial
relations, moderate unemployment and inflation, a sizable trade surplus, and an
important role as a European transportation hub. Industrial activity is
predominantly in food processing, chemicals, petroleum refining, and electrical
machinery. A highly mechanized agricultural sector employs only 2% of the labor
force but provides large surpluses for the food-processing industry and for
exports. The Netherlands, along with 11 of its EU partners, began circulating
the euro currency on 1 January 2002. After 26 years of uninterrupted economic
growth, the Dutch economy - highly dependent on an international financial
sector and international trade - contracted by 3.5% in 2009 as a result of the
global financial crisis. The Dutch financial sector suffered, due in part to
the high exposure of some Dutch banks to U.S. mortgage-backed securities. In
2008, the government nationalized two banks and injected billions of dollars of
capital into other financial institutions, to prevent further deterioration of
a crucial sector. The government also sought to boost the domestic economy by
accelerating infrastructure programs, offering corporate tax breaks for
employers to retain workers, and expanding export credit facilities. The
stimulus programs and bank bailouts, however, resulted in a government budget
deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7%
in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal
consolidation measures in early 2011, mainly reductions in expenditures, which
resulted in an improved budget deficit of 3.8% of GDP.
Source : CIA
CONTACTINFORMATION
|
Company
name |
Schmidt Zeevis Rotterdam B.V. |
|
Tradename |
Schmidt Zeevis Rotterdam B.V. |
|
|
Schmidt Zeevis |
|
Address |
Vasteland 60 |
|
|
3011BM Rotterdam |
|
|
Netherlands |
|
Mail
address |
Vasteland 60 |
|
|
3011BM Rotterdam |
|
|
Netherlands |
|
Telephone
number |
0104443555 |
|
Telefax
number |
0104443556 |
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E-mail
address |
|
|
Website |
|
|
VAT
number / RSIN |
001863551 |
|
Branch(es) |
Schmidt Zeevis Rotterdam B.V. (24064058.0001) |
|
|
Low Gubbelstraat 6 |
|
|
6211CG MAASTRICHT |
COMPANY INFORMATION
Handelsregisternummer 24064058
Registered in Chamber
of commerce Rotterdam
First registration 15-03-1971
Act of foundation 02-11-1970
Date of constitution 1916
|
Continuation
date |
13-12-1972 |
|
Last
change in statutes |
09-08-2001 |
|
Legal
form |
Besloten Vennootschap |
|
Place
of constitution |
Rotterdam |
|
Issued
capital |
75.000 |
|
Paid
up capital |
75.000 |
|
NACE-code |
Wholesale of fish (51382) |
|
|
Retail sale of fish (5223) |
|
SBI-code |
Wholesale of fish (46382) |
|
|
Retail sale of fish (4723) |
|
Formal
objective |
Groothandel (daaronder begrepen de import- en
exporthandel), agentuur- en |
|
|
transitohandel en shop in vis en visprodukten.
Scheepsleverancier (het bevoorraden van |
|
|
schepen) |
|
Import |
The whole world |
|
Export |
The whole world |
|
Employees |
Total: 95 |
|
|
|
Employees
group |
Group: 505 |
|
|
|
Employees
according to CoC |
Chamber of commerce: 95 |
|
|
|
Bookyear |
2012 |
2011 |
2010 |
|
Number |
95 |
101 |
100 |
|
Change |
-5,94% |
1,00% |
26,58% |
COMPANY STRUCTURE
Shareholder B.V.
Kennemervis Groep
Ansjovisweg 26
3751BL Bunschoten-Spakenburg
Netherlands
KvK: 31049949
Active since: 18-08-2000
Percentage: 100.00%
Ultimate parent company Bracamonte
Seafood B.V.
Postweg 11
6561KJ Groesbeek
KvK: 09122517
Holding company B.V.
Kennemervis Groep
Ansjovisweg 26
3751BL Bunschoten-Spakenburg
KvK: 31049949
Affiliated companies FishPartners
B.V.
Haringweg 39
3751BG BUNSCHOTEN-SPAKENBURG
KvK: 31023031
Mayonna B.V.
Ansjovisweg 26
3751BL BUNSCHOTEN-SPAKENBURG
KvK: 32034701
Marivis National B.V.
Ansjovisweg 26
3751BL BUNSCHOTEN-SPAKENBURG
KvK: 34079261
Vriesveem "De Drie Haringen" B.V.
Ansjovisweg 26
3751BL BUNSCHOTEN-SPAKENBURG
KvK: 34080222
Fishmasters B.V.
Noordgat 1
8321ME URK
KvK: 24385682
Fishes Trademark B.V.
Ansjovisweg 26
3751BL BUNSCHOTEN-SPAKENBURG
KvK: 32161536
Liability declaration B.V.
Kennemervis Groep (31049949)
Ansjovisweg 26
3751BL Bunschoten-Spakenburg
|
Bank |
ABN Amro Bank NV |
|
|
Account number: 42.69.89.821 |
|
|
Rabobank Netherlands |
|
|
Account number: 19.23.30.667 |
Real estate Lease
The real estate is
checked at the land registration office
MANAGEMENT
|
Management |
B.V. Kennemervis Groep |
|
|
Ansjovisweg 26 |
|
|
3751BL Bunschoten-Spakenburg |
|
|
Netherlands |
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|
KvK: 31049949 |
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|
Authorization: Fully authorized |
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|
Position: Manager |
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|
Date appointed: 18-08-2000 |
|
|
M. van Breda |
|
|
Marcel |
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Authorization: Fully authorized |
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|
Position: Proxy |
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Date appointed: 03-07-2001 |
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|
Date of birth: 11-07-1961 |
PAYMENT INFORMATION
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 1 2012: 56 Average days
Quarter: 2 2012: 88 Average days
Quarter: 3 2012: 67 Average days
Quarter: 4 2012: 67 Average days
|
|
invoices |
current
quarter |
2012 Q3 |
2012 Q2 |
2012
Q1 |
|
|
Total |
94 |
100% |
178.668 |
178.668 |
179.248 |
180.676 |
|
Within
terms |
35 |
38,8% |
69.359 |
69.359 |
49.281 |
89.436 |
|
Delayed
0 - 30 |
38 |
41,7% |
74.508 |
74.508 |
76.325 |
76.325 |
|
Delayed
31 - 60 |
17 |
19,5% |
34.801 |
34.801 |
33.144 |
14.915 |
|
Delayed
61 - 90 |
2 |
0,0% |
|
|
9.120 |
|
|
Delayed
91 - 120 |
1 |
0,0% |
|
|
4.551 |
|
|
Delayed
120+ days |
1 |
0,0% |
|
|
6.827 |
|
FINANCIAL INFORMATION
|
Auditor |
PricewaterhouseCoopers |
|
Type
of publication |
Consolidated |
|
Annual
accounts van |
B.V.
Kennemervis Groep |
|
|
Ansjovisweg
26 |
|
|
3751BL
Bunschoten-Spakenburg |
|
|
KvK:
31049949 |
|
Publication |
Steady |
CORE FIGURES
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,68 |
0,69 |
0,61 |
|
Current
ratio |
1,19 |
1,12 |
1,12 |
|
Nett
workingcapital / Balance total |
0,09 |
0,06 |
0,06 |
|
Capital
and reserves / Balance total |
0,34 |
0,34 |
0,33 |
|
Capital
and reserves / Fixed assets |
0,82 |
0,84 |
0,74 |
|
Solvency |
0,52 |
0,53 |
0,50 |
|
Nett
workingcapital |
7.361.000 |
4.638.000 |
4.416.000 |
|
Capital
and reserves |
26.327.000 |
25.220.000 |
23.571.000 |
|
Change
capital and reserves |
4,39% |
7,00% |
-3,53% |
|
change
short term liabilities |
-1,84% |
9,32% |
-4,11% |
|
|
|||
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2011
Type of publication Consolidated
Turnover
2011: 186.658.000
2010: 176.102.000
2009: 161.043.000
2008: 180.964.000
2007: 181.465.000
2006: 157.031.000
2005: 133.064.000
Gross profit 2007:
41.326.000
2006: 37.558.000
2005: 33.815.000
Operating profit 2011:
2.574.000
2010: 2.067.000
2009: 1.801.000
2008: 3.823.000
2007: 6.225.000
2006: 5.972.000
2005: 5.560.000
Result after taxes
2011: 1.126.000
2010: 1.434.000
2009: -748.000
2008: 1.503.000
2007: 3.455.000
2006: 3.324.000
2005: 2.981.000
Tendency Changeable
Tendency capital and reserves
Capital and reserves 2011
26.327.000
Total debt 2011
50.441.000
Current ratio 2011
1,19
Quick ratio 2011
0,68
Nett workingcapital 2011
7.361.000
Profitability More
than sufficient
Solvency Just
satisfactory
Liquidity Limited
Current-
& Quickratio
Currency Euro
BALANCE
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End
of bookyear |
30-09-2011 |
30-09-2010 |
30-09-2009 |
|
Other
intangible assets |
|
1.041.000 |
|
|
Intangible
assets |
656.000 |
1.041.000 |
1.805.000 |
|
Tangible
assets |
31.017.000 |
28.100.000 |
29.733.000 |
|
Financial
assets |
541.000 |
715.000 |
371.000 |
|
Fixed
assets |
32.215.000 |
29.856.000 |
31.908.000 |
|
|
|||
|
Stocks
and work in progress |
19.657.000 |
16.775.000 |
18.513.000 |
|
Trade
debtors |
20.506.000 |
23.544.000 |
19.040.000 |
|
Other
amounts receivable |
3.250.000 |
2.962.000 |
2.189.000 |
|
Accounts
receivable |
23.756.000 |
26.505.000 |
21.229.000 |
|
Liquid
assets |
2.353.000 |
482.000 |
463.000 |
|
Current
assets |
45.765.000 |
43.762.000 |
40.204.000 |
|
Total
assets |
77.980.000 |
73.618.000 |
72.113.000 |
|
Minority
interest |
1.004.000 |
1.062.000 |
1.372.000 |
|
Capital
and reserves |
26.327.000 |
25.220.000 |
23.571.000 |
|
Provisions |
209.000 |
2.000 |
403.000 |
|
other
long term debts |
|
8.210.000 |
|
|
Long
term liabilities |
12.037.000 |
8.210.000 |
10.979.000 |
|
Other
short term debts |
20.022.000 |
20.233.000 |
20.758.000 |
|
Total
short term debt |
38.404.000 |
39.124.000 |
35.788.000 |
|
Total
debt |
50.441.000 |
47.334.000 |
46.767.000 |
|
Total
Liabilities |
77.980.000 |
73.618.000 |
72.113.000 |
History
|
Consent
statements |
Over
bookyear 2011 a consent agreement is filed Over bookyear 2010 a consent
agreement is filed Over bookyear 2009 a consent agreement is filed Over
bookyear 2008 a consent agreement is filed |
Company structure
• Bracamonte Seafood B.V. (09122517) Groesbeek
o KVG
Invest B.V. (32120227) BUNSCHOTEN-SPAKENBURG Subsidiary
■
B.V. Kennemervis Groep (31049949) Bunschoten-Spakenburg Subsidiary
■ Schmidt Zeevis Rotterdam B.V. (24064058) Rotterdam
Subsidiary
(100%)
■
FishPartners
B.V. (31023031)
BUNSCHOTEN-SPAKENBURG
Subsidiary (100%)
■
Mayonna
B.V. (32034701)
BUNSCHOTEN-SPAKENBURG Subsidiary (100%)
■
Marivis
National B.V. (34079261)
BUNSCHOTEN-SPAKENBURG Subsidiary (100%)
■
Vriesveem
"De Drie Haringen" B.V. (34080222)
BUNSCHOTEN-SPAKENBURG Subsidiary (100%)
■ Fishmasters B.V. (24385682)
URK
Management relation
■ Fishes Trademark B.V. (32161536)
BUNSCHOTEN-SPAKENBURG
Management relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.07 |
|
|
1 |
Rs.84.95 |
|
Euro |
1 |
Rs.68.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.